Approval for Delisting of SDRs by Nasdaq Stockholm
The Baltic Horizon Fund has made significant strides in the financial markets with the approval of its delisting application for Swedish Depositary Receipts (SDRs) by Nasdaq Stockholm. This decision marks a pivotal moment for the fund as it seeks to streamline its operations and provide greater clarity to investors.
Details of the Delisting Application
Submitted by the management board of Northern Horizon Capital AS, the delisting application was approved on 14 July. This approval follows a structured timeline that the fund had disclosed earlier, with trading for SDRs concluding on 8 October. The decision to terminate the SDR programme aligns with the fund's strategic goals and response to investor needs.
Investors' Next Steps
As part of the transition, investors holding SDRs are urged to assess their options: either selling their SDRs or converting them into fund units of Baltic Horizon Fund. For the conversion process, investors holding SDRs via a nominee account should reach out to their respective banks, while direct-registered holders need to contact Nordic Issuing AB for assistance.
Webinar Insights on Termination of SDR Programme
A recent webinar provided by fund manager Tarmo Karotam shed light on the implications of the SDR termination and offered stakeholders valuable insights. Attendees were able to gain a clearer understanding of what the changes mean for their investments. A recording of the webinar is readily available for those who wish to revisit the discussion.
Contact Information for Investors
Investors seeking further clarification can easily get in touch with Tarmo Karotam, the manager of Baltic Horizon Fund. Interested parties can reach out via email. Providing a direct line of communication ensures that investors can navigate this transition effectively, minimizing any disruptions to their investment strategies.
Role of Northern Horizon Capital AS
Under the stewardship of Northern Horizon Capital AS, Baltic Horizon Fund is recognized as a registered contractual public closed-end real estate fund. The management team's expertise is essential as they adapt to the changing market dynamics and investor expectations.
Staying Updated with Baltic Horizon Fund
To remain informed about future announcements and developments concerning Baltic Horizon Fund, investors and interested parties are encouraged to register on the fund's official website. This will allow them to receive ongoing updates about projects, strategies, and overall market conditions.
Social Media Engagement
The fund is also active on several social media platforms including LinkedIn, Facebook, X, and YouTube. Engaging with these platforms is a great way to stay connected and receive real-time updates about the fund's activities and initiatives.
Frequently Asked Questions
What is the purpose of the SDR delisting?
The SDR delisting is aimed at streamlining the fund's operations and enhancing clarity for investors regarding their holdings.
How can investors convert their SDRs?
Investors can convert their SDRs into fund units by contacting their banks if they hold nominee accounts, or Nordic Issuing AB if they are direct holders.
When is the last day of trading for SDRs?
The last day of trading for SDRs on Nasdaq Stockholm is set for 8 October.
Where can I find more information about the fund?
More information about Baltic Horizon Fund can be found on their official website or through their social media channels.
Who should I contact for further inquiries?
Tarmo Karotam is the contact person for investor inquiries and can be reached directly via email.
